Examlex
The ABC approach to inventory management is based on the concept that:
Definite Offer
An offer that is clear, specific, and leaves no room for negotiation, often containing all the terms necessary for an enforceable agreement.
Definite Acceptance
Definite Acceptance refers to an unambiguous agreement by the offeree to meet the terms of the offer, forming a binding contract.
Material Terms
essential and significant conditions and clauses in a contract that are so important that any breach of them would justify the termination of the contract.
Termination
The act of ending an employment relationship or contract, either voluntarily by resignation or retirement, or involuntarily by dismissal or layoff.
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